Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Reaches New 1-Year High – Should You Buy?

Shares of Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $44.88 and last traded at $44.81, with a volume of 21721 shares changing hands. The stock had previously closed at $44.49.

Franklin International Core Dividend Tilt Index ETF Stock Down 0.0%

The company has a market capitalization of $2.78 billion, a PE ratio of 14.82 and a beta of 0.68. The firm has a 50-day moving average of $43.18 and a two-hundred day moving average of $42.20.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Franklin International Core Dividend Tilt Index ETF by 23.4% in the second quarter. JPMorgan Chase & Co. now owns 14,395 shares of the company’s stock valued at $513,000 after buying an additional 2,726 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Franklin International Core Dividend Tilt Index ETF by 35.1% during the 2nd quarter. Raymond James Financial Inc. now owns 752,548 shares of the company’s stock worth $26,821,000 after acquiring an additional 195,552 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Franklin International Core Dividend Tilt Index ETF by 1.1% during the second quarter. Jane Street Group LLC now owns 381,022 shares of the company’s stock worth $13,580,000 after purchasing an additional 4,297 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Franklin International Core Dividend Tilt Index ETF by 79.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,711 shares of the company’s stock worth $3,269,000 after buying an additional 40,677 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 138.4% in the second quarter. Bank of America Corp DE now owns 1,519,906 shares of the company’s stock valued at $54,169,000 after purchasing an additional 882,367 shares during the period.

About Franklin International Core Dividend Tilt Index ETF

The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index is based on the Morningstar® Developed Markets ex-North America Target Market Exposure Index and is constructed by applying an optimization process to the Parent Index that aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index.